Chapter 13 Bankruptcy

Chapter 13 Bankruptcy Lawyer in Glen Burnie, Maryland

Solid Debt Relief Solutions for Maryland Residents

One of the most prevalent myths about personal bankruptcy is that only people who have few assets and very limited income can file and gain debt relief. Although changes to the federal bankruptcy code in 2005 made it more challenging for people with substantial income to get relief, Chapter 13 bankruptcy remains a viable solution for most individuals.

If you have a solid income but are dealing with too much debt on your home, a mountain of credit card debt, recent unpaid tax debt or other problems, Chapter 13 “debt reorganization” bankruptcy may offer a road to recovery. To talk with a sharp, conscientious Chapter 13 bankruptcy attorney in Glen Burnie prepared to help you, request a consultation at our Maryland law firm.

Personal Bankruptcy Attorney in Columbia, Maryland

Our personal service to clients struggling with too much debt begins with an empathetic yet straightforward discussion of financial problems and priorities. Although Chapter 7 bankruptcy offers a “cleaner break” with allowing our clients to start over — and we will apply our knowledge to determine if you are eligible for Chapter 7 — we will help you determine if there are other options than Chapter 7.

A Means of Asset Protection and Debt Settlement Over Time

Essentially, Chapter 13 bankruptcy requires development of a repayment plan for some portion of your unsecured debt. This plan must be approved and overseen by a court official called a bankruptcy trustee. The benefits of a Chapter 13 filing may include:

Gaining up to five years to pay off debts that cannot be eliminated outright under the law, enabling you to keep assets you might otherwise lose

Legal, dependable protection against judgments and garnishments

Restarting your mortgage payment even though you are months behind giving time for options of loan modification and paying the arrears through the Chapter 13 Plan

Options for avoiding foreclosure by eliminating/stripping a second mortgage no longer backed by the current value of your home

Option of resetting the value of non-primary residential homes and stripping the second mortgage.

We offer caring, constructive bankruptcy services to people across the cultural spectrum in the greater Baltimore area, including Anne Arundel County and Howard County. Our Chapter 13 bankruptcy services include:

Payment Plan

For some people, an official payment plan to repay unmanageable debts is a better alternative than filing for Chapter 7 Bankruptcy to discharge debts. Chapter 13 Bankruptcy is a workable alternative when you have debts that cannot be discharged under Chapter 7, when you want to pay a portion of your debts and for other…

Saving your House in Chapter 13

Falling on hard times and not being able to pay the house payment can happen to anyone. Whether it’s a job loss, a medical bill, or other unforeseen expenses, financial issues can eat away at savings and bill-paying abilities. Sometimes mortgage companies also refuse payment if you’re behind or trying to make partial payment. In…

Lien Stripping – Primary Residence

Maryland Second Mortgage Cram Down Lawyer Are you in danger of losing your home to foreclosure? Chapter 13 bankruptcy could be your home-saving solution. If your house or primary residence is encumbered to the point where you little or no equity in your house, you may be able to strip your second mortgage, third mortgage,…

Lien Stripping – Second Residences and Investment Properties

Stripping a Second Mortgage in Maryland Is home foreclosure also a threat to your second home or rental property? Chapter 13 lien stripping is also a possible remedy. Just as with lien stripping for primary residences, Chapter 13 bankruptcy can strip second mortgages on second homes or rental properties. When the value of the second…

Student Loan Relief

When people have a lot of student loan debt they don’t feel they can repay, they may turn to a Maryland student loan relief lawyer to see about filing bankruptcy. However, there are only very rare situations in which student loan debt can be discharged. Generally, you have to pay back what you borrowed when…

Mortgage Modification in Chapter 13

Going through Chapter 13 can be stressful, but it’s easier with Mummert Law Firm on your side. We can help you get together a plan that will be acceptable to your creditors. Once you’ve completed that, you’ll start making payments. At that point, your mortgage company may let you enter into a Mortgage Modification Agreement…

Consumer Protection Law

Mummert Law Firm is dedicated to protecting you, the consumer, from financial deceit, lending abuse and other matters related to consumer protection. Attorney Timothy Mummert is experienced in the intricacies of the federal and state laws designed to shield you from unscrupulous practices and is dedicated to standing up for your rights. Maryland Consumer Protection…

Please contact us to learn about bankruptcy and our foreclosure defense services before taking drastic measures such as liquidating retirement accounts or other important assets.

Call 410-609-6715 to Request a No-Risk, No-Pressure Consultation

Lawyer Timothy J. Mummert has the experience to relate to your personal and business challenges. We offer legal solutions without pressure to help people get debt relief enabling a return to peace of mind and productivity.